China Media Monitor Headlines Archives

SHANGHAI --- Shanghai will complete a Digital Cable TV (DTV) transition project covering 2.5 million TV households by the end of 2010, according to an announcement at the Shanghai Cable DTV Integral Transition Conference on October 19. All households covered by the project will receive two free digital set-top boxes, providing access to 61 digital TV channels.

The revenues generated by 151 state-owned and state-controlled enterprises under the State Administration of Radio, Film and TV (SARFT) grew 13.12% year-on-year to RMB6.89 billion, according to an October 20 announcement from the broadcast industry regulator.

Independent mainland production and distribution company Polybona has received clearance to launch an IPO on the New York Stock Exchange (NYSE), according to company CEO Yu Dong. He said the company plans to launch the IPO either at the end of 2010 or the first half of 2011. In the meantime, the company plans to expand its cinema construction and operation business, as well as its film production business.

China's online video industry generated around RMB122.10 million in revenues in the second quarter, according to Securities Daily. This represented an increase of 57.2% year-on-year and 22.3% quarter-on-quarter. The Chinese P2P online video operators UUSee, PPS and PPLive reported the greatest Q2 revenues.

Mainland production giants China Film Group, Huayi Bros and Henan TV will partner up with Hong Kong's Emperor Motion Pictures to co-produce a new martial arts film starring Jackie Chan, Andy Lau and Fan Bingbing. The partners plan to invest around RMB200 million each on the film, which will be called New Shaolin Temple (Xin Shaolin Si).